Erskine Park is located 42 kilometres west of the Sydney CBD in the local government area of Penrith City Council. Currently the median sales price of houses in the area is $709,400, with 81.3% of homes being owner occupied.

The size of Erskine Park is approximately 8.4 square kilometres. It has 6 parks covering nearly 1% of the total area. The population of Erskine Park,  recorded from the 2016 Census was 6,446.  The predominant age group in Erskine Park is 50-59 years old. Households in Erskine Park are primarily couples with children and are likely to be repaying $1800 – $2399 per month on mortgage repayments. In general, the majority of people in Erskine Park work in a clerical occupation.

Sydney is set for a major real estate boom over the coming months, with properties prices predicted to increase dramatically, surpassing the 2017 housing peak and reaching record high prices. Domain’s Property Price Forecasts – 2020, predicts houses in Sydney will rise by 10% over 2020. The forecast is predicting Sydney’s growth to be the strongest in the country.

Median Property Sales Price
Year 2015 Year 2016 Year 2017 Year 2018 Year 2019
Period Median Price Median Price Median Price Median Price Median Price
January $547,000 $674,950 $693,000 $770,000 $730,000
February $555,000 $671,750 $706,000 $770,000 $722,000
March $565,000 $678,250 $732,750 $760,000 $740,000
April $570,800 $680,000 $735,750 $760,000 $745,000
May $580,000 $680,000 $740,000 $770,000 $722,000
June $580,000 $680,000 $745,000 $762,500 $721,000
July $590,000 $685,500 $750,000 $760,000 $715,000
August $600,000 $680,000 $757,500 $757,500 $722,475
September $602,000 $680,000 $761,500 $755,000 $715,000
October $629,000 $677,500 $767,500 $752,000 $709,400
November $651,000 $675,300 $764,000 $760,000 n/a
December $666,750 $681,800 $765,000 $755,400 n/a

 

Household Structure

60.3% Couples with Children living at home, 24.1% Couples with no children living at home, 14.7% Single Parents, 0.7% Other.

 

Household Occupancy

53% Purchaser with Mortgage, 28.3% Owns Outright, 16.5% Renting, 1.9% Not Stated, 0.6% Other

 

Average Household Income

Income Range Erskine Park % Penrith %
0-15.6K 2.1 3.1
15.6-33.8K 5.6 10.8
33.8-52K 8 11.9
52-78K 12.5 15.4
78-130K 28.7 26
130-182K 17.5 13.7
182K+ 15.6 9.8

 

Erskine Park is named after James Erskine, Lieutenant Governor to Lachlan Macquarie, who was granted land in this area in the early days of the colony. James Erskine Public School, the local school, is named in his honour.

72.5% of people living in Erskine Park were born in Australia with 2.2% of the population being Aboriginal or Torres Straight Islander. The next most common countries of birth were Philippines 4.2%, England 2.3% and New Zealand 1.7%. The most common ancestries in Erskine Park were Australian 25.0%, English 21.9%, Irish 5.9%, Scottish 4.7% and Filipino 4.3%.
75.2% of people only spoke English at home. Other languages spoken at home included Arabic 2.6% and Tagalog 2.4%,

 

Report Created February 2019

Click here to download the full 18 page Erskine Park Suburb Report as a pdf.

 

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